Brief: YiChang HEC ChangJiang Pharmaceutical Announces Possible Transfer Of Shares

Yichang Hec Changjiang Pharmaceutical Co

08/03/2024 10:36

March 8 (Reuters) - YiChang HEC ChangJiang
Pharmaceutical Co Ltd  1558.HK :
    * POSSIBLE TRANSFER OF SHARES IN COMPANY
    * INFORMED SUNSHINE LAKE PHARMA AND ITS UNIT ENTERED INTO A
SHARE
TRANSFER AGREEMENT
    * TOTAL CONSIDERATION FOR SHARE TRANSFER HK$2.07 BILLION
    * APPLICATION MADE FOR RESUMPTION OF TRADING OF SHARES
    * UNDER DEAL, HEC WILL TRANSFER TO SUNSHINE LAKE PHARMA SALE
SHARES AT HK$9.14 PER SHARE
    * FOLLOWING COMPLETION OF POSSIBLE MERGER, CO WILL BE
DELISTED
FROM STOCK EXCHANGE
    * NOTED INCREASES IN PRICE, TRADING VOLUME OF SHARES ON 1
MARCH
    * UNDERSTANDS SUNSHINE LAKE PHARMA CONSIDERING A MERGER BY
ABSORPTION OF CO
    * POSSIBLE MERGER AND POSSIBLE LISTING REMAIN IN PRELIMINARY
STAGE


Further company coverage:  1558.HK 

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